What's The Turnaround? From Dumped At Bank To Re-Wrapped

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Author	Replies: 7 / Views: 1,587
Owassokie Pillar of the Community United States 622 Posts	Posted 12/11/2012 10:10 am It's that time of year again when there should be an increase in collectible/valuable coins dumped at the bank. I've been curious how long it takes for the bank and courier to take coin that's been dumped at a bank to be re-packaged and sent out to be used by customers. I believe most people assume an extremely short turnaround but I could foresee it taking several months. Also, do you think the turnaround is different for say halves and dollars compared to the common daily used coin? I'm guessing halves turn around quicker the common coin. Anyone with some inside information or thoughts, please advise OO Report this Post to the Staff

baysinger626 Pillar of the Community United States 950 Posts	Posted 12/11/2012 4:59 pm I would imagine that half and dollar coins would take longer to return since their demand is so low. Report this Post to the Staff
cmajlz Valued Member United States 123 Posts	Posted 12/22/2012 7:58 pm Two weeks ago I got a box of nickels that had an August 2012 date stamp on it. I have no idea how long Brinks had it before delivery nor how long the bank had it before I received it. Report this Post to the Staff
FadeToBlack Pillar of the Community 1751 Posts	Posted 12/22/2012 8:10 pm 2-3 weeks usually. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 12/23/2012 05:21 am Yes, couple of weeks or less. Demand is high for halves due to the increase in roll hunting last five years. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
Silver Eagle Pillar of the Community United States 858 Posts	Posted 12/23/2012 09:58 am I've often wondered this myself...I guess it would depend on the type of volume being processed in a particular area. Report this Post to the Staff
FadeToBlack Pillar of the Community 1751 Posts	Posted 12/23/2012 10:53 am Yes, it's highly dependent on volume. In my area, it's 2-3 weeks from what I've seen dating coins and getting them back. That's at 40-50 boxes a week dumping into my own supply. Report this Post to the Staff
Silver Eagle Pillar of the Community United States 858 Posts	Posted 12/23/2012 7:29 pm Fade - I think its awesome what you do. Most I could maybe do is 20 boxes per week, but I would need a day or two off during the week to ocomplete it. Do you rewrap or bag the coins? Just out of curiosity - does anyone ever give you a hard time when returning? Report this Post to the Staff
	Replies: 7 / Views: 1,587

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